By using new energy instead of traditional energy we would significantly decrease the current levels of greenhouse gas emmissions, and this would have positive environmental impact for our entire planet. New energy energy is not all about environement as it can also give strong boost to our economy in form of new jobs. Thus, new energy forme.
I think near-term headwinds persist as $Tesla Motors(TSLA)$
The oil industry is highly competitive and volatile. Profits and losses can swing wildly based on small shifts in demand or moves by petrostates such as Saudi Arabia and Russia, whose interests can run counter to the public companies in the industry. Supply and demand imbalances can cause huge fluctuations in oil prices. We saw that in early 2022 after Russia’s invasion of Ukraine, which sent crude prices soaring into the triple digits for the first time in years.
Also, investors must consider the implications of climate change for the long-term prospects of oil and gas. The energy sector is undergoing a massive transition to renewable energy. Even so, that doesn't mean there are few opportunities in the oil patch.
$Exxon Mobil(XOM)$ is my pick. I has focused its more recent efforts on reducing its business costs and boosting efficiency. These investments are beginning to pay off in 2022. The company has significantly lowered its oil production costs over the past couple of years by focusing on its highest-return assets while also taking steps to better leverage its massive scale. That enables it to generate lots of cash flow when oil prices are much higher.
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